<

VM MATERIAUX (EPA:VMMA) Definitive financial impact of the sale of its Building Materials Trading, Public Works and Natural Stone businesses (VM Matériaux, LNTP and Cominex)

Transparency directive : regulatory news

11/07/2024 18:00

HERIGE Group today announces the financial impacts relating to the definitive sale of its Building Materials Trading, Public Works and Natural Stone businesses (VM Matériaux, LNTP and Cominex) to SAMSE Group, April 30th 2024.

The businesses sold represent a 2023 turnover of €374.8 million and 79 points of sale in Western France. The enterprise value of the scope sold is estimated using an EBITDA1 multiple. The value of the shares is calculated by deducting adjusted net debt from this enterprise value. This transaction enabled HERIGE to reduce its debt by €124.6 million, thereby improving gearing by 90 points2 and to generate a capital gain of €33.0 million, i.e., +23% in equity. This capital gain offsets a net loss of €4.4m generated pro rata temporis by the scope of consolidation sold.

This provides the Group with additional resources to support its industrial strategy.

NEXT PUBLICATION: Q2 2024 turnover on July 23, 2024 (after the close of trading)

All our financial communications are available on our website: www.groupe-herige.fr/en

About HERIGE

HERIGE focuses on two sectors of the building industry: the Concrete Industry and Industrial Joinery. HERIGE is a multi-regional group of Vendée origin, with a workforce of almost 2,000 employees, present in mainland France, Canada and overseas.

HERIGE is listed on Euronext Growth

PEA/PME eligible

Indices: EURONEXT FAMILY BUSINESS, EURONEXT GROWTH ALL SHARE, ENTERNEXT©PEA-PME 150

ISIN FR0000066540, Ticker: ALHRG, Reuters ALHRG.PA

CONTACTS
HERIGE
Benoît Hennaut – Chairman of the Executive Board
Caroline Lutinier – Head of Group Communication & CSR
Tel.: +33 (0)2 51 08 08 08
E-mail: communication@groupe-herige.fr
 
ACTUS finance & communication
Corinne Puissant – Analyst/Investor Relations
Tel.: +33 (0)1 53 67 36 77 – E-mail: cpuissant@actus.fr
Serena Boni – Press Relations
Tel.: +33 (0)4 72 18 04 92 – E-mail: sboni@actus.fr

1Operating profit + net depreciation and amortization

2Compared to 31/12/2023, i.e. a gearing of 107% and shareholders' equity of €145.4m



This publication embed "🔒 Actusnews SECURITY MASTER".
- SECURITY MASTER Key: xW1vkcZuYpiayJ6dapVsaZRqaJpklGebaJabmZdvZ53JcJppxW9qb5SZZnFnnG1v
- Check this key: https://www.security-master-key.com.



Regulated information:
Inside Information:
- Operations of the issuer (acquisitions, sales…)


Full and original press release in PDF: https://www.actusnews.com/news/86789-herige_samse_impact_fi_vuk_vdef_110724.pdf

Receive by email the next press releases of the company by registering on www.actusnews.com, it's free

VM MATERIAUX's latest news


11/07/2024 18:00
14/05/2024 18:00
30/04/2024 18:00
02/04/2024 18:00
07/02/2024 18:00
06/02/2024 18:00
06/12/2023 18:30
07/11/2023 18:00
26/09/2023 18:00
07/09/2023 18:30


Other stories

13/07/2024 20:19
13/07/2024 14:28
13/07/2024 14:20
13/07/2024 09:19
13/07/2024 20:55
13/07/2024 16:21
13/07/2024 12:13
13/07/2024 17:08
13/07/2024 18:52
13/07/2024 19:29
13/07/2024 18:46
13/07/2024 21:00
12/07/2024 20:11
13/07/2024 03:49
12/07/2024 20:38
13/07/2024 10:13
13/07/2024 20:45
13/07/2024 00:08
13/07/2024 08:32
13/07/2024 04:02
13/07/2024 08:42
13/07/2024 00:30
13/07/2024 18:52
13/07/2024 18:36
13/07/2024 18:56
13/07/2024 16:56
13/07/2024 20:56
13/07/2024 21:15
13/07/2024 19:37
13/07/2024 15:13
12/07/2024 15:40
12/07/2024 16:07
13/07/2024 19:00
11/07/2024 20:07
13/07/2024 08:00
13/07/2024 08:34
11/07/2024 21:07
12/07/2024 15:54